Facebook
 
 

30.12.202011:59 Forex Analysis & Reviews: Daily Video Analysis: CADJPY is facing bullish pressure, potential for a further rise!

loader

Today we take a look at CADJPY. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. CADJPY is facing bullish pressure as we can see price continue to hold above the EMA (34). It could potentially rise from our buy entry level, which is in line with our 50% Fibonacci retracement, to our take profit level, which is in line with our -27.2% Fibonacci retracement level.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.

Dean Leo,
Analytical expert
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Show more
Can't speak right now?
Ask your question in the chat.